NM Financial Services
NM Financial Services is an India-based, proprietorship-led financial advisory firm that provides IPO advisory, private equity introductions, QIP/ private placement facilitation, and capital market advisory to mid-to-large Indian businesses, with a newer solar power plant intermediary service.
- Company typePrivate
- Founded2013
- HeadquartersChandigarh, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
What NM Financial Services does
NM Financial Services is a private, proprietorship-based financial advisory firm founded in 2013 by NM Gupta and headquartered in Panchkula, India, with an additional office in Chandigarh. The firm operates as a B2B professional services practice providing capital-raising and capital-market advisory to mid-to-large Indian businesses, with a particular focus on SME listings, private placements, Qualified Institutional Placements (QIPs), private equity introductions, and IPO advisory. Disclosed core services include Fund Raising (transaction advisory from capital assessment through documentation), IPO Advisory, Private Equity Investment Advisory, Capital Market Advisory (including QIP and preferential issues), and a newer Solar Power Plant intermediary service that connects businesses with solar EPC providers for renewable energy installations. The firm does not disclose a proprietary technology platform; its delivery model is relationship-driven and human-advisory, with success-based pricing aligned to transaction complexity rather than disclosed unit pricing.
The firm's client roster spans solar EPC (Gensol Engineering Ltd), gas and renewable energy (Arisudhana Indus Ltd), electric mobility (Trident Ltd, an electric fleet cab company), forging (Happy Forgings Ltd, advised on its INR 200 cr Motilal Oswal PE placement), pharmaceuticals (Beta Drug Ltd), textile/ cotton yarn (AB Cotspin Ltd), and healthcare (Bio Medica Laboratories), indicating a deliberate vertical diversification strategy. Its most significant facilitated transaction is a INR 900 crore (USD 108Mn) QIP for a Solar EPC Company, and it maintains strategic affiliation with Motilal Oswal Private Equity Fund.
The firm's go-to-market is sales-led and referral-driven through direct advisory relationships with enterprises seeking capital. It operates as a single-service advisory practice — not a platform-plus-modules architecture — and is bootstrapped with no disclosed external funding, M&A activity, or institutional investment. Revenue, headcount trends, and pricing economics are not publicly disclosed, limiting visibility into operating scale; firmographic data places employee count at 11–50. Geographic scope is India-domestic, with no international footprint claimed.
NM Financial Services firmographics
Firmographics- Name
- NM Financial Services
- Legal name
- NM Financial Services
- Website
- https://nmfinancialservices.in
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- NM Financial Services is an India-based, proprietorship-led financial advisory firm that provides IPO advisory, private equity introductions, QIP/ private placement facilitation, and capital market advisory to mid-to-large Indian businesses, with a newer solar power plant intermediary service.
- Ownership category
- akta.pro rank
NM Financial Services industry classification
Industry- Product category
- Investment Banking and Financial Advisory
- NAICS
- Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Corporate Finance Advisory (Strategic Finance, Capital Structure & Recaps) (FSAEAGAE)
- akta.pro secondary industries
- Private Placements (144A/Reg S/MTN) (FSACABAK), Debt & Capital Advisory (Debt Raising, Refinancing, Private Credit) (BPAHAOAD)
Keywords
Where NM Financial Services is headquartered
LocationHeadquarters
- HQ city
- Chandigarh
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
NM Financial Services business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Advisory Services: Revenue generated through providing financial advisory services including IPO advisory, private equity investments, solar projects development, fund raising, and capital market advisory services. The firm acts as exclusive financial advisor for transactions.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
NM Financial Services product offering
Product offeringCore offering
NM Financial Services is a B2B financial advisory firm that counsels mid-to-large Indian businesses on capital raising and related transactions. Its core offerings include Fund Raising advisory (assessing capital needs, identifying investors, preparing materials, leading negotiations, and managing documentation), IPO Advisory, Private Equity Investment Advisory, Capital Market Advisory covering QIPs and preferential issues, and an intermediary Solar Power Plant installation service that connects businesses with leading solar EPC providers.
Product overview
NM Financial Services is a financial advisory firm that offers a portfolio of interconnected services centered around capital raising and investment advisory. The core offerings include Fund Raising Services (strategic counsel for capital requirements, investor identification, transaction materials, negotiations, and documentation), Solar Power Plant Services (intermediary connecting businesses with solar companies for renewable energy projects), IPO Advisory (guiding companies through public listing processes), Private Equity Investment Advisory (connecting companies with PE funds for growth capital), and Capital Market Advisory (covering QIP, preferential issues, and other capital market transactions). The firm operates as a single-service advisory practice rather than a platform-plus-modules architecture.
Differentiator
Problem solved
Functional benefit
Products and services
- Fund Raising Services Strategic financial advisory service providing counsel to businesses throughout their growth journey, including assessing capital requirements, identifying investors, preparing transaction materials, leading negotiations, and managing documentation for fund-raising transactions. Targeted at mid-to-large Indian businesses seeking capital across public and private market routes.
- IPO Advisory Advisory services for companies seeking to go public, including exclusive financial advisory for IPO processes. Targeted at Indian companies pursuing listing on exchanges such as NSE Emerge.
- Private Equity Investment Advisory Advisory services connecting companies with private equity funds for growth capital, leveraging affiliations with global and domestic private equity funds (including Motilal Oswal Private Equity Fund). Targeted at mid-to-large Indian businesses seeking growth-stage equity capital.
- Capital Market Advisory Comprehensive advisory services for capital market transactions including Qualified Institutional Placement (QIP) and preferential issues. Targeted at listed and unlisted Indian companies executing institutional capital raises.
- Solar Power Plant Services Intermediary service connecting businesses with top-tier solar companies to facilitate seamless installation of solar power plants, enabling companies to harness clean, renewable energy while reducing carbon emissions. Targeted at Indian businesses seeking clean energy transition and solar infrastructure deployment.
Quantifiable outcome
- Successfully facilitated QIP Round of 900 crore for Solar EPC Company
- +5 more outcomes
Companies that use NM Financial Services
Customer profileNamed customers8 records
Segments2 records
Ideal customer profiles2 records
NM Financial Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
NM Financial Services partnerships and signals
Strategic signalScale indicators6 records
Recent moves6 records
Expansion highlights4 records
NM Financial Services competitors and assessment
Company assessmentDirect peers
- Choice International: Choice International is an Indian financial services group offering investment banking, capital markets advisory, and private equity services. It is comparable to NM Financial Services as a mid-market capital-raising advisor competing for similar SME and mid-cap IPO/QIP mandates.
- Keynote Capital: Keynote Capital is an Indian boutique advisory and merchant banking firm offering IPO advisory, private placements, and capital-raising services. It operates in the same mid-market capital advisory niche as NM Financial Services.
- Inga Ventures: Inga Ventures is an India-focused boutique financial advisory firm specializing in capital raising, IPO advisory, and structured finance for mid-market companies. It competes directly with NM in serving similar issuer profiles across India.
- Vivro Financial Services: Vivro is an Indian boutique financial advisory firm with capital markets, PE advisory, and wealth management capabilities. It directly competes with NM in the mid-market IPO/QIP/private placement advisory space.
- Hem Securities: Hem Securities is an Indian boutique offering merchant banking, IPO advisory, and capital-raising services. It competes with NM for SME and mid-cap capital-raising mandates and serves a similar issuer base.
- Beeline Capital Advisors: Beeline Capital Advisors is an Indian boutique advisory with capital markets and IPO advisory capabilities for mid-market and SME issuers. It is comparable to NM as a competing capital-raising boutique focused on similar Indian deal profiles.
- Equirus Capital: Equirus is an India-focused boutique investment bank offering IPO advisory, QIP, private placement, and PE placement services to mid-market issuers. It competes head-to-head with NM Financial Services for capital-raising mandates in the same Indian mid-market segment.
Broad incumbents
- SMC Global Securities: SMC Global is a diversified Indian financial services firm with capital markets and advisory arms serving mid-market issuers. It is comparable to NM as a domestic advisor with capital-raising execution capabilities, though it operates at a larger scale with broader service offerings.
- Motilal Oswal Investment Banking: Motilal Oswal's investment banking division is a large Indian full-service advisory with capital markets, PE, and M&A capabilities. It is directly comparable to NM as both an established capital-raising advisor and as an actual deal counterparty (Motilal Oswal PE Fund invested via NM-facilitated mandate).
- Anand Rathi Financial Services: Anand Rathi is a large Indian financial services group with investment banking, capital markets, and wealth management divisions. It is comparable to NM as a capital-raising advisor for Indian mid-market issuers, though at significantly larger scale and broader service breadth.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
NM Financial Services social profiles
Digital presenceNM Financial Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
NM Financial Services leadership team
Management profileNumber of profiles
Profiles1 record
NM Financial Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NM Financial Services M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NM Financial Services
What does NM Financial Services do?
NM Financial Services is a B2B financial advisory firm that counsels mid-to-large Indian businesses on capital raising and related transactions. Its core offerings include Fund Raising advisory (assessing capital needs, identifying investors, preparing materials, leading negotiations, and managing documentation), IPO Advisory, Private Equity Investment Advisory, Capital Market Advisory covering QIPs and preferential issues, and an intermediary Solar Power Plant installation service that connects businesses with leading solar EPC providers.
Is NM Financial Services a public or private company?
NM Financial Services is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was NM Financial Services founded?
NM Financial Services was founded in 2013. It employs 11 to 50 people.
Where is NM Financial Services based?
NM Financial Services is headquartered in Chandigarh, India, in the Asia region.
How does NM Financial Services make money?
One revenue line is on record: advisory Services.
Who are NM Financial Services's main competitors?
Direct peers on record are Choice International, Keynote Capital, Inga Ventures, Vivro Financial Services, Hem Securities, Beeline Capital Advisors and Equirus Capital. Broad incumbents are SMC Global Securities, Motilal Oswal Investment Banking and Anand Rathi Financial Services.
Does NM Financial Services have an API?
No public API is recorded for NM Financial Services.
What industry is NM Financial Services in?
NM Financial Services's product category is Investment Banking and Financial Advisory. Its primary akta.pro industry code is FSAEAGAE, Corporate Finance Advisory (Strategic Finance, Capital Structure & Recaps), with a secondary code of FSACABAK, Private Placements (144A/Reg S/MTN). Its NAICS code is 523940 and its SIC code is 6282.